Nicolet Bankshares (NYSE:NIC) Issues Earnings Results, Beats Expectations By $0.08 EPS

Nicolet Bankshares (NYSE:NIC) issued its quarterly earnings data on Tuesday. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.08, FiscalAI reports. Nicolet Bankshares had a net margin of 21.77% and a return on equity of 11.36%. The firm had revenue of $174.43 million for the quarter, compared to analysts’ expectations of $173.64 million.

Nicolet Bankshares Trading Up 1.5%

Nicolet Bankshares stock opened at $165.04 on Wednesday. The stock has a 50-day moving average price of $168.68 and a 200 day moving average price of $159.53. Nicolet Bankshares has a 52 week low of $114.11 and a 52 week high of $180.00. The stock has a market cap of $3.46 billion, a PE ratio of 18.73 and a beta of 0.64. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04.

Nicolet Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, December 1st. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 16.35%.

Insider Transactions at Nicolet Bankshares

In other Nicolet Bankshares news, EVP Eric Witczak sold 1,215 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $167.89, for a total value of $203,986.35. Following the transaction, the executive vice president directly owned 33,630 shares in the company, valued at approximately $5,646,140.70. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Atwell sold 2,662 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $170.24, for a total transaction of $453,178.88. Following the sale, the director directly owned 34,483 shares in the company, valued at $5,870,385.92. This represents a 7.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 4,219 shares of company stock worth $715,976. 7.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NIC shares. Weiss Ratings upgraded shares of Nicolet Bankshares from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 8th. Piper Sandler set a $194.00 price target on shares of Nicolet Bankshares in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price target on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Raymond James Financial started coverage on shares of Nicolet Bankshares in a research note on Tuesday, June 23rd. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc is a bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Nicolet National Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Nicolet National Bank offers commercial and consumer lending, deposit accounts, residential and commercial real estate financing, treasury management and other business banking services. Its offerings also include wealth management, trust and investment services, mortgage banking and related financial solutions.

Founded in 2000, Nicolet has built a community-banking franchise serving customers primarily in Wisconsin and neighboring market areas.